This study focuses on the relationship between energy consumption, oil price and macroeconomic performance of selected energy-dependent African countries. It was observed that energy consumption and crude oil price positively and significantly enhanced output growth but their impact on exchange rate is contradictory. Also, energy consumption and oil price were found to reduce inflation rate in the selected countries. It is therefore recommended that energy-dependent African countries should increase power generation and enhance crude oil local refining at affordable rates to boost energy consumption and reduce negative exogenous oil price shock on the macroeconomy.
In this paper, we examine nonlinear interrelationship between energy consumption and output level for a panel of G7 countries. For this purpose, we propose a nonlinear cointegration test in heterogeneous panels for testing the presence of a cointegrating relationship that follows a globally stationary exponential smooth transition (ESTR) process, and apply our test for investigating long-run relationship between energy use and economic growth in the case of the G7 countries. Our results suggest the presence of a long-run relationship between these two variables whereas adjustment to the equilibrium is inherently nonlinear. After establishing long-run relationship between energy consumption and output, we estimate a Panel Smooth Transition Vector Error Correction Model and apply nonlinear Granger causality tests in order to analyze the direction of the causality between these variables. We find that the causality between energy consumption and output level is dependent on the phases of business cycle. Our results highlight importance of taking account of possible nonlinearities in analysing output-energy causality nexus and designing energy policies.
A stronger, more informed approach to the energy markets The Energy World Is Flat provides a forward-looking analysis of the energy markets and addresses the implications of their rapid transformation. Written by acknowledged expert Daniel Lacalle, who is actively engaged with energy portfolios in the financial space, this book is grounded in experience with the world of high-stakes finance, and relays a realist's perspective of the current and future state of the energy markets. Readers will be brought up to date on the latest developments in the area, and learn the strategies that allow investors to profit from these developments. An examination of the markets' history draws parallels between past and current shifts, and a discussion of technological advancements helps readers understand the issues driving these changes. Energy has always been at the forefront of the economic agenda, being both the key to and a driver for development and growth. Its centrality to the world of finance makes it imperative for investors and analysts to understand the energy markets, irrespective of where on the wide range of energy spectrum observers they fall. The Energy World Is Flat is a guide to the past, present, and future of these crucial markets, and the strategies that make them profitable. These include: Understanding the state of the energy markets, including key developments and changes Discovering the ten pillars of a successful energy investment strategy Reviewing the history of the energy markets to put recent changes into perspective Learning which technologies are driving the changes, and how it will affect investors The recent energy market changes were both unexpected and so fundamental in nature that they represent a true shift in the energy macro- and microeconomic landscape. Investors and analysts seeking a stronger approach to these markets need the expert guidance provided by The Energy World Is Flat.
The myths and facts about alternative fuels–and how they impact our lives As the price of energy continues to soar, so too has the demand for alternative energy. But there's no clear «winner» in the race to replace fossil fuels. Alternative Energy For Dummies explores the current fossil fuel conundrum and society's growing need for more and more energy. Cutting through the competing claims, this book offers a multifaceted examination of alternative energy, including solar, wind, nuclear, biomass, geothermal, biofuel, and other sources. Each alternative scenario is compared to current fossil-fuel intensive practices in the scientific, environmental, social, political, and economic realms. Readers also gain insight into the future of energy production.
With the energy situation in today’s world and the price of power conserving your energy usage is a necessity. This device can save you up to 15% of your power consumption and allow you to track and monitor your usage. You can conveniently see where you’re using your power and adjust your usage accordingly. It’s capable of storing up to 1 years worth of data internally giving you an accurate reading of when and how much. It's the perfect device to help lower your carbon footprint. - Material: Plastic casing - Manage your electricity usage with this wireless monitor - Change the energy usage habits to reduce energy waste save real money to each family - Large 3.5" LCD display - Display of current and cumulative energy usage cost and CO2 emissions - Graphical display of historical energy consumption data - Historical data storage capacity: 1 year - Measuring current: 100mA~70A - Voltage: AC 100~250V - Transmission frequency: 2s/8s/64s - Wireless signal frequency: 433.92MHz - Wireless transmission range: 30 meters - Package includes: - 1 x Transmitter (3 x AA included) - 1 x Receiver (3 x AA included) - 1 x Sensor (10mm) - 1 x English manual
How the massive power shift in Russia threatens the political dominance of the United States? There is a new cold war underway, driven by a massive geopolitical power shift to Russia that went almost unnoticed across the globe. In "The Colder War: How the Global Energy Trade Slipped from America's Grasp", energy expert Marin Katusa takes a look at the ways the western world is losing control of the energy market, and what can be done about it. Russia is in the midst of a rapid economic and geopolitical renaissance under the rule of Vladimir Putin, a tenacious KGB officer turned modern-day tsar. Understanding his rise to power provides the keys to understanding the shift in the energy trade from Saudi Arabia to Russia. This powerful new position threatens to unravel the political dominance of the United States once and for all. Discover how political coups, hostile takeovers, and assassinations have brought Russia to the center of the world's energy market. Follow Putin's rise to power and how it has led to an upsetting of the global balance of trade. Learn how Russia toppled a generation of robber barons and positioned itself as the most powerful force in the energy market. Study Putin's long-range plans and their potential impact on the United States and the U.S. dollar. If Putin's plans are successful, not only will Russia be able to starve other countries of power, but the BRIC countries (Brazil, Russia, India, and China) will replace the G7 in wealth and clout. The Colder War takes a hard look at what is to come in a new global energy market that is certain to cause unprecedented impact on the U.S. dollar and the American way of life.
Features Power saving. Automatically switches off the standby power of appliances plugged into the sockets when they are not in use after 45 seconds. Master Socket applies for less than 300W household appliances, such as computer, TV, refrigerator, Audio amplifiers. 4 slave sockets goes for monitor, speaker and other auxiliary devices. Two modes switch for demands. Suitable plug type: AU / US / JAPAN / N.Z.. Specifications Type Power Saving Extension Sockets Rated Voltage 220V Master Socket Current 7A Slave Socket Current 10A Max Power 2500W Consumption 0.8W Power Off Consumption 0W Weight 480g
The next twenty years will be completely unlike the last twenty years. The world is in economic crisis, and there are no easy fixes to our predicament. Unsustainable trends in the economy, energy, and the environment have finally caught up with us and are converging on a very narrow window of time—the «Twenty-Teens.» The Crash Course presents our predicament and illuminates the path ahead, so you can face the coming disruptions and thrive–without fearing the future or retreating into denial. In this book you will find solid facts and grounded reasoning presented in a calm, positive, non-partisan manner. Our money system places impossible demands upon a finite world. Exponentially rising levels of debt, based on assumptions of future economic growth to fund repayment, will shudder to a halt and then reverse. Unfortunately, our financial system does not operate in reverse. The consequences of massive deleveraging will be severe. Oil is essential for economic growth. The reality of dwindling oil supplies is now internationally recognized, yet virtually no developed nations have a Plan B. The economic risks to individuals, companies, and countries are varied and enormous. Best-case, living standards will drop steadily worldwide. Worst-case, systemic financial crises will toss the world into jarring chaos. This book is written for those who are motivated to learn about the root causes of our predicaments, protect themselves and their families, mitigate risks as much as possible, and control what effects they can. With challenge comes opportunity, and The Crash Course offers a positive vision for how to reshape our lives to be more balanced, resilient, and sustainable.